The above graph represents the Facebook net income by year, starting from the fiscal year 2007 to the recently completed year. The company reported $18,485 million in net profit during the 12-months ended December 31, 2019. That’s a notable 16.4% YoY decline in Facebook annual net income.
|Source||Facebook Annual Reports, SEC Filings|
|Note||Facebook fiscal year starts from January 1st|
It is important to note that the company’s provision of income taxes increased a whopping 95% YoY in 2019, to $6,327 million.
The social media giant reported its highest-ever annual net income of $22,112 million in 2018, representing an impressive 38.8% YoY growth. 2018 was also the first time when Facebook global net profit crossed $20 billion mark.
On the other hand, the highest-ever net loss reported by Facebook was $138 million in FY 2007.
Interestingly, the company reported its first profitable year in 2009; the total annual net profit of Facebook increased to $229 million in 2009, from the net loss of $56 million in 2008.
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